About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

The Next Game Changers for Data Governance

Subscribe to our newsletter

By Dennis Slattery, CEO at EDMworks

Three seemingly unconnected pieces of legislation will fundamentally change the data management landscape over the next three years. They all have different causes, but their combined effect will be to enforce accountability for data, reinforce governance, underpin data architecture and mandate data quality management:

The General Data Protection Regulation (GDPR) changes the rules and accountabilities for security around personal data and transforms penalties for data breaches from “cost of doing business” to “bankrupting the business”

The Network and Information Security Directive (NISD) focuses on identification, registration and accountability for critical networks or systems. The scope covers financial, telecoms, utilities and other types of business. It is the European Union’s response to cyber terrorism.

On 7th March 2016, the Senior Manager and Certification Regime (SMCR) was implemented as a self-regulating framework for senior management accountabilities across the finance sector.  This provides the legislative structure for the PRA/FCA to demand individual accountability for and oversight of critical business functions. The NISD and GDPR will use this framework to ensure personal accountability for data assets across the organisation.

EDMworks Practitioner Network on 2nd June 2016

The EDMworks Data Practitioner Network (DPN) event on June 2nd addresses these issues and provides a collection of industry experts to explain the combined legislation, the potential impacts and discuss how organisations plan to address these challenges.

As with all DPN sessions, the purpose is to explore multiple perspectives on the subject to provide you with greater breadth and depth in order to help you develop your own specific strategies.

If you would like to find out more or register for the event please click the following link:

lms.edmworks.com/mod/page/view.php?id=757

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Hidden Dangers in the Race to ‘AI-Readiness’

The data ecosystem has been awash with references to “artificial intelligence readiness” in the past few months, a reflection of the importance being placed on the technology within capital and private markets. The term is generally used in calls for institutions to upgrade their data management systems to ensure their data is of good enough...

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

Enterprise Data Management

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...